Islamabad June 3 2023: Pakistan Rupee gains more than 18 rupees in open market to trade at 272 according to Finance Minster.
“CPI Inflation clocks in at 29% – As per the data released by PBS, CPI inflation for Jun’23 clocked-in at 29.4% compared to 38% YoY for May’23. PSX added 2,334 points in KSE100 index by 1pm and Pak Rupee vs Dollar in open Market trading at 270/272” says Finance Minister Muhammad Ishaq Dar.
Pakistan Stock Exchange witnessed its best trading day on Monday as its key index KSE-100 surged by 2,446 points or 5.90 percent to close at 43,899 a high of fourteen months.
“Out of the total index halts witnessed in the PSX’s history, today’s halt marks the second time only that it occurred in a positive upswing. In contrast, there have been seven previous instances of halts in negative movement. Moreover, average daily traded volume increased by 62 percent day on day to 381mn shares (highest since 6 Oct’22) while average daily traded value also increased by 15 percent day on day at USD 30mn, highest since 4 May 2023.” writes Arif Habib Limited in its note.
